Industry Analysis & Industry Trends
Paving the way
Demand for road, street and highway maintenance will continue to rise over the next five years, as a new transportation bill and state and local outlays support growth. Government priorities will shift away from land development and new construction toward mass transit and reinvestment in existing infrastructure. Additionally, maintenance outsourcing among state and local governments will likely increase... purchase to read more
Industry Report - Industry Analysis Chapter
Supported by consistent federal funding for highway infrastructure, state and local budgeting priorities and additional federal stimulus investment, the Road and Highway Maintenance industry has grown strongly in the past decade. The industry has also benefited from public transportation authorities' increasing use of private contractors to carry out highway and road maintenance responsibilities. Additionally, with greater total miles being driven, the need for road and highway maintenance has increased. Over the five years to 2013, revenue is estimated to increase at an average annual rate of 4.0% to $48.2 billion.
In 2013, revenue growth will recover after a major slowdown in 2011... purchase to read more